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| The economy, is it good or bad. (Page 103/181) |
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84Bill
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DEC 09, 08:32 AM
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| quote | Originally posted by 84fiero123:
This sounds like the economy is not doing good to me. If we need to bail out the banks.
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The Titanic is unsinkable. Just ask the captain Smith WAAAAAAAAYYYYY up in the ivory wheelhouse.
Now come on 84fiero123.. My feet are getting wet so we need to grab our tin cups and get to work saying alms just to make everyone happy that we are helping to bail the ship.[This message has been edited by 84Bill (edited 12-09-2007).]
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84fiero123
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DEC 09, 09:36 AM
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States' Investment Strategy Scrutinized
Saturday December 8, 6:21 AM EST
NEW YORK (AP) — State treasurers from Florida to Maine to Montana have found themselves in the awkward position this past week of having to explain why they parked taxpayer money in some of the most opaque investments on Wall Street.
More than a dozen state-run cash pools that manage money for local governments have some exposure to mortgage-related and other high-risk holdings that roiled credit markets this past summer, according to rating agency Standard & Poor's.
The fear now is that the same subprime-mortgage turmoil that triggered multi-billion-dollar writedowns for Wall Street's biggest banks might trickle down to teachers, civil servants and even the vendors delivering supplies to schools because of the way public funds were invested.
http://money.excite.com/jsp...ews_id=ap-d8td7tfo0&
So now it is not only affecting the borrowers of those sub prime rate loans but the Banks, Wall Street, and the individual states that took the advise of those so called educated people who thought these were good investments.
Blame it on who ever you like but with all the money country wide that is invested in those loans we are in for a rude awakening in the next year.
But then I have no formal education in investing, so I must be wrong. Sometimes it takes someone who knows nothing about things to really be able to step back and see what is happening.------------------
Technology is great when it works,
and one big pain in the ass when it doesn't.
Detroit iron rules all the rest are just toys.
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84fiero123
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DEC 11, 01:58 PM
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Many analysts believe the current quarter and the early part of next year will represent the period of maximum danger for a possible recession.
"I think a full blown recession can be avoided but just barely," said David Jones, chief economist at DMJ Advisors. He predicted that the Fed will follow up its expected December rate cut with three more reductions at its first three meetings of 2008.
http://apnews.excite.com/ar...71211/D8TFBFU00.html
But then I know nothing.------------------
Technology is great when it works,
and one big pain in the ass when it doesn't.
Detroit iron rules all the rest are just toys.
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Phranc
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DEC 11, 02:17 PM
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The rate cuts full effect wont really be felt for 16-18 months in the economy. A recession is 2 consecutive quarters of negative economic growth. So a rate cut won't impact the next two quarts or 4. Even at the higher rates of 18 months ago we didn't have the dreaded recession. In fact the overall economy is up buy an average of over 3% each quarter.
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84fiero123
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DEC 11, 02:28 PM
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I didn’t say it. The guy who is supposed to be educated in economics did. But then I have been saying the economy is going down the tubes.
You can say what ever you like about what constitutes a recession,
depression, or what ever. If the feds had not done all the tricks they did we would be in a lot worse shape than we are now.
Funny ain’t it, how someone with no formal education in economics can see something that those who do can‘t.
Make fun if you like, say what you like.
But I have been right all along.------------------
Technology is great when it works,
and one big pain in the ass when it doesn't.
Detroit iron rules all the rest are just toys.
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aceman
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DEC 11, 02:45 PM
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| quote | Originally posted by 84fiero123:
I didn’t say it. The guy who is supposed to be educated in economics did. But then I have been saying the economy is going down the tubes.
You can say what ever you like about what constitutes a recession,
depression, or what ever. If the feds had not done all the tricks they did we would be in a lot worse shape than we are now.
Funny ain’t it, how someone with no formal education in economics can see something that those who do can‘t.
Make fun if you like, say what you like.
But I have been right all along.
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So, where exactly are the economists saying that the economy is going right down the tubes, Steve?
Steve, you haven't been right about anything in the economy.
Yes, even a blind dog finds a bone every now and then. But, you ain't a dog, you ain't blind, and you haven't found a bone.
BTW, those "tricks" are why we have a Federal Reserve Board. They're trying to steer the economy in the right direction.
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84fiero123
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DEC 11, 02:47 PM
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Read the link and say that ace.
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Technology is great when it works,
and one big pain in the ass when it doesn't.
Detroit iron rules all the rest are just toys.
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aceman
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DEC 11, 02:49 PM
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I did. Where did the link say that the economist says "We are going into a recession" or "the economy is going down the tubes."?
From the article:
"I think a full blown recession can be avoided but just barely," said David Jones, chief economist at DMJ Advisors. He predicted that the Fed will follow up its expected December rate cut with three more reductions at its first three meetings of 2008.
Disect the sentence......
Hmmmmmmmmmmmm... I Think is in that sentence. Ohhhh, it's an opinion (From a knowledgeable person, though)
"recession can be avoided" (from a knowledgeable person, again)
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From Steve, the uneducated guy (He stated that himself) on a fiero forum:
"The economy is going down the tubes."
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Who's opinion do I put faith in?[This message has been edited by aceman (edited 12-11-2007).]
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84fiero123
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DEC 11, 02:51 PM
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new link just for you ace.
Fed Cuts Interest Rate a Quarter Point
Email this Story
Dec 11, 2:42 PM (ET)

(AP) Federal Reserve Board Chairman, Ben Bernanke, speaks at the CATO Institute's annual Monetary...
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WASHINGTON (AP) - The Federal Reserve cut a key interest rate by one-quarter of a percentage point Tuesday, trying to keep the country out of recession.
http://apnews.excite.com/ar...71211/D8TFEHB80.html------------------
Technology is great when it works,
and one big pain in the ass when it doesn't.
Detroit iron rules all the rest are just toys.
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aceman
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DEC 11, 02:58 PM
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I'm steering the car this way to keep the car out of the ditch.
Is the car in the ditch, Steve?
The federal reserve board lowered the interest rates to keep the economy out of a recession.
Is the economy in a recession?
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